Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,900 46,000 14,500 660 $411,000 307,000 77,000 2,000 (85) (410) 1,400 $3,255 7,100 $ 17,490 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity $16,000 26,100 $42,100 $10,000 17,100 15,000 $42,100 $49,000 123,000 $172,000 $54,000 45,000 73,000 $172,000
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